ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Tokyo landlords cut rents to fill condos before inflation worsens

Monthly average falls for 3rd month in row as consumers look to cut spending

High-rise condominiums stand in Tokyo's Koto ward. Landlords are hurrying to secure tenants, even at lower rents. (Photo by Tomoya Ushiyama)

TOKYO -- While most prices seem to be going up these days, one sector is heading the other way, Tokyo condo rents.

The average monthly rent for Tokyo condominiums declined 0.3% in July, the third consecutive month for the average to dip below the previous month's rate, according to Tokyo Kantei, a real estate data company.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more